October 25, 2012
Stern stepping down as NBA chief in ‘14, Silver tapped as successor
David Stern, the commissioner of the National Basketball Association, said he will be retiring in 2014 after 30 years in the position.
Stern, 70, announced Thursday that he will retire on Feb. 1, 2014 -- 30 years to the day since he was appointed to his post. Stern began working for the NBA in 1966 as outside counsel.
The league's Board of Governors on Thursday approved Deputy Commissioner Adam Silver as Stern's successor. Both Stern and Silver are Jewish.
Silver, who began working for the NBA in 1993 and has served as deputy commissioner since 2006, served with Stern as lead negotiator during the 2011 NBA lockout.